Japanese Insurance Industry - Global Strategic Business Report

Transcription

1 Brochure More information from Japanese Insurance Industry - Global Strategic Business Report Description: The Japanese Insurance Industry Report provides insightful analysis, market overview, industry structure and outlook of life and non-life/ general insurance industries in the region. Richly laden with quantitative analysis, the report provides the reader with a rudimentary preface to the Japanese insurance industry. A synopsized discussion offers preludes to reinsurance and other insurance markets within the non-life insurance sector, such as health, automobile, property, fire, accident, catastrophe and pet insurance. The closely summarized Japanese market report is designed to offer a broad, macro level picture of trends, regulatory/legislative environment, insurance associations; and recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. Also provided is a compilation of recent past/ historical perspective of the country s insurance market, corporate developments, and market facts & figures of the industry. The report examines the leading companies footing in insurance markets at regional level, along with their annual written premiums and/ or market shares. Regional key and niche players briefly discussed and abstracted in the report include Asahi Mutual Life Insurance, Dai -ichi Mutual Life Insurance, Meiji Yasuda Life Insurance, Millea Holdings, Inc., Tokio Marine & Nichido Fire Insurance Co., Ltd., Mitsui Sumitomo Insurance Company, Ltd., Nippon Life Insurance Co., Sompo Japan Insurance Inc., and Sumitomo Life Insurance. Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require hours as each copy is customized to the client with digital controls and custom watermarks. For information on site licence pricing please click on Enquire before buying Contents: JAPANESE INSURANCE INDUSTRY A STRATEGIC BUSINESS REPORT CONTENTS 1. Industry Review JP-1 Japan - A Leading Insurance Market Worldwide JP-1 Table 1: Japanese Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non- Life Markets Independently Analyzed with Annual Premiums in US$ Billion for Fiscal Years 2005 through 2010 (includes corresponding Graph/Chart) JP-1 Table 2: Japanese 6-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premiums for Life and Non-Life Markets for 2005, 2008, and 2010 (includes corresponding Graph/Chart) JP-2 Table 3: Japanese Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life JP-2 Japanese Insurance Industry - An Overview JP-2 Non-Payment Issues Hit the Japanese Life Insurance Industry JP-3 Foreigners Reign JP-3 IT Spend - An Ascent to Efficiency JP-3 Table 4: Japanese Insurance Industry ( ): Total Insurance IT Expenditure in US$ Billion For Life and Non-Life Insurance (includes corresponding Graph/Chart) JP-4 Amendments to IBL: A Review JP-4

2 De Mutualizing of Insurance Companies: Demoralizing Consumer Interests? JP-4 Japanese Insurance Industry: Developments in the Recent Past JP-5 Japan s Favoritism to Kampo Met with Hot Opposition JP-5 Sluggish Japanese Economy Lags Growth in the Insurance Market - A Late 90 s Scenario JP-5 Deregulation of the Insurance Industry: Flagged off in the Year 1996 JP-6 Deregulation Shakes Up the Laxity in the Market JP-6 2. Japan s Insurance Sector: A Mid 90 s Review JP-7 Slow Claims Paying Method: Performance Restraint of the 90 s JP-7 Leading Japanese Insurers Worldwide - Mid 90s (Assets in Billion) JP-7 Japan in Comparison with Other Leaders (Based on General Premium Income) JP-7 Japanese Non-Bank Financial Firms Among the 1,000 Largest Companies Worldwide JP-7 Estimated Problem Loans of Japanese Financial } Institutions: Mid-90s ( Trillion) JP-7 Table 5: Problem Loans for Japanese Financial Institutions - A Mid 90 s Scenario (includes corresponding Graph/Chart) JP-8 3. Review of Major Insurance Sectors JP-9 3a. Life Insurance JP-9 Recovery: Hope or Hype? JP-9 Challenges Facing Japanese Life Insurance Sector JP-9 Foreign Players Eye the Takeover of Domestic Life Insurers JP-9 Deregulation Shakes the Market Lull JP-10 Table 6: Japanese Life Insurance Market (FY2005-FY2007E): Percentage Breakdown of Total Premium Income by Category for Individual Insurance, Individual Annuity, Group Insurance, Group Annuity, and Others (includes corresponding Graph/Chart) JP-10 Table 7: Japanese Life Insurance Industry (FY2000-FY2006): Total Assets By Value in Billion (includes corresponding Graph/Chart) JP-11 Table 8: Japanese Life Insurance Industry (FY2005 & FY2006): Total Business in Force (In Billion) by Individual Insurance, Individual Annuity, Group Insurance, and Group Annuity (includes corresponding Graph/Chart) JP-11 Table 9: Japanese Business in Force Life Insurance Market (2004): Percentage Breakdown of Insurance Policy Types By Number and Value for Whole Life, Whole Life-with-Term, Adjustable Interest Rate Funding Whole Life, Term, Endowment, Endowment- with-term, Variable, and Others (includes corresponding Graph/Chart) JP-12 Table 10: Japanese Life Insurance Industry ( Historic Data):Total New Business (In Billion) By Individual Insurance, Individual Annuity, and Group Insurance (includes corresponding Graph/Chart) JP-12 Table 11: Japanese New Business Life Insurance Market (2004): Percentage Breakdown of Insurance Policy Types By Number and Value for Whole Life, Whole Life-with-Term, Adjustable Interest Rate Funding Whole Life, Term, Endowment, Endowment-with- Term, Variable, and Others (includes corresponding Graph/Chart) JP-13

3 Table 12: Japanese Life Insurance Industry (FY2005 & FY2006): Total Payments in Billion by Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart) JP-13 Table 13: Japanese Life Insurance Industry ( ): Total Payments in Billion By Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart) JP-14 Structure of the Life Insurance Industry JP : Market Leaders JP-15 Table 14: Japanese Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Nippon, Dai-ichi, Meiji Yasuda, Sumitomo, ALICO Japan, Daido, Mitsui, American Family, Taiyo, and Fukoku (includes corresponding Graph/Chart) JP-15 Table 15: Top-Five Players in the Japanese Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Nippon, Dai-Ichi, Sumitomo, Meiji, and Yasuda (includes corresponding Graph/Chart) JP-15 3b. Health Insurance JP-16 Personal Health Insurance is the Mainstay JP-16 Medical Insurance - A Sunrise Opportunity? JP-16 Medical Expenditure: Spiraling Up JP-16 Medical Expenditures in Japan: JP-17 Table 16: Health Insurance Market Size in Japan (*): 2000 & 2005 ( Trillion) (includes corresponding Graph/Chart) JP-17 High-Risk Medicare Boosts Private Medical Insurance JP-17 Table 17: Rising Popularity of Disease Specific Riders in Japan ( ) (includes corresponding Graph/Chart) JP-18 3c. General/Non-Life Insurance JP-19 Market Overview JP-19 Table 18: Japanese General Insurance Industry (FY2005-FY2007E): Percentage Breakdown of Direct Premiums by Category for Automobile (Voluntary), Fire, Personal Accident, Automobile (Compulsory), and Miscellaneous (includes corresponding Graph/Chart) JP-19 Table 19: Japanese General Insurance Industry (FY2005-FY2007E): Percentage Breakdown of Net Premiums by Category for Automobile (Voluntary), Automobile (Compulsory), Fire, Personal Accident, and Miscellaneous (includes corresponding Graph/Chart) JP-20 Table 20: Japanese General/Non-Life Insurance Companies - Key Statistics (FY2005) JP-20 Table 21: Japanese Market for General/Non-Life Insurance (2005): Direct Claims in Billion Yen, and Percentage Breakdown by Business Segment - Compulsory Automobile Liability, Fire, Marine & Inland Transit, Personal Accident, Voluntary Automobile, and Miscellaneous Casualty (includes corresponding Graph/Chart) JP-21 Table 22: Japanese Market for General/Non-Life Insurance (2004): Percentage Value Breakdown of Net Premium by Segment - Auto (Compulsory, Voluntary), Fire, Miscellaneous Casualty, Personal Accident and Marine & Inland Transit (includes corresponding Graph/Chart) JP-21 Tokio Leads the Pack JP-21 Table 23: Leading Players in Japanese Non-Life Insurance

4 Market (2004): Percentage Market Share by Company - Aioi Insurance, Fuji Fire & Marine, Kyoei, Mitsui Sumitomo, Nipponkoa, Nissay Dowa, Nisshin Fire & Marine, Sompo Japan, Tokio Marine Nichido, and Others(includes corresponding Graph/Chart) JP-22 Table 24: Japanese Non-Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Tokio, Mitsui Sumitomo, Sompo Japan, Aioi, Nippon Koa, Nichido, Nissay Dowa, Fuji, AIU, and Kyoei (includes corresponding Graph/Chart) JP-22 Classification of Foreign Non-Life Insurance Firms JP-22 Investment Framework JP-23 Distribution JP-23 Table 25: Japanese General/Non-Life Insurance Market (2005): Percentage Breakdown of Direct Premium Generation by Distribution Channel - Agents, Brokers, and Direct Distribution(includes corresponding Graph/Chart) JP-23 Table 26: Japanese General/Non-Life Insurance Market: Total Direct Premiums Collected by Distribution Channel ( ) in Million Yen JP-24 Automobile Insurance in Japan JP-24 Property Insurance JP-24 Fire Insurance JP-25 Personal Accident Insurance JP-25 Catastrophe Insurance JP-25 Disaster Claims: Running Heavy on the Industry JP-25 Table 27: Catastrophe Insurance Market in Japan: Disaster Claims Paid in Million Yen for 2005 JP-25 Earthquake Insurance JP-25 Table 28: Japanese General/Non-Life Insurance Market: Claims Paid under Earthquake Insurance on Dwelling Risks (In Billion Yen) (includes corresponding Graph/Chart) JP-26 Division of Earthquake Insurance JP-27 Residential Risks JP-27 Industrial risks JP-27 Effect of Kobe Earthquake JP-27 Other Insurance Sectors JP-28 Third Sector in Japan JP-28 Savings Type Insurance Market JP-29 3d. Pet Insurance JP-30 3e. Reinsurance JP-31 Table 29: Japanese Reinsurance Industry: Leading Catastrophic Losses Caused by Floods or Windstorm During By Number of Casualties and Property Damaged (In Million) (includes corresponding Graph/Chart) JP-31 Table 30: Japanese Reinsurance Market: Top Ten Earthquake Losses During By Number of Casualties and Property Damaged (includes corresponding Graph/Chart) JP-32 Table 31: Japanese Reinsurance Market: Leading Disasters by Total Claims Paid in Billion for Fire, Automobile, and Marine Sectors ( ) (includes corresponding Graph/Chart) JP-33 Table 32: Japanese Reinsurance Market: Leading Earthquakes by Total Claims Paid in Billion ( ) (includes corresponding Graph/Chart) JP-34

5 4. Facts & Figures - A Snapshot of the Japanese Insurance Industry in Recent Past JP-35 Table 33: Top-Five Players in the Japanese Non-Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Tokio Marine, Sompo Japan, Mitsui Sumitomo, NipponKoa, and Aioi (includes corresponding Graph/Chart) JP-35 Table 34: Japanese General/Non-Life Insurance Companies - Key Statistics (2002) JP-35 Table 35: Japanese General/Non-Life Insurance Market: Net Premiums by Category ( ) in Million Yen (includes corresponding Graph/Chart) JP-36 Table 36: Japanese General/Non-Life Insurance Market: Total Direct Premiums of Foreign General Insurance Firms by Category ( ) in Million Yen (includes corresponding Graph/Chart) JP-37 Table 37: Japanese General/Non-Life Insurance Market: Direct Claims Paid ( ) by Category in Million Yen (includes corresponding Graph/Chart) JP-37 Table 38: Direct Premiums Written Abroad by Japanese General/Non-Life Insurers (in Million Yen) for 2001 & 2002 (includes corresponding Graph/Chart) JP-38 Table 39: Japanese Automobile Insurance Market: Direct Claims Paid Out by Insurers: (In Billion) (includes corresponding Graph/Chart) JP-38 Table 40: Ownership of Voluntary Automobile Insurance in Japan ( ) JP-39 Performance Indicators of Insurers: 2000 JP-39 Table 41: Leading Japanese Non-Life Insurers Performance Indicators: 2000 ( Billion) (includes corresponding Graph/ Chart) JP-39 Disaster Claims JP-40 Table 42: Japanese General/Non-Life Insurance Market: Claims Paid for Typhoon or Windstorm (In Billion Yen) (includes corresponding Graph/Chart) JP-40 Table 43: Japanese Fire Insurance Market: Direct Claims Paid Out by Fire Insurers: (In Billion) (includes corresponding Graph/Chart) JP-40 Table 44: Key Personal Accident Insurers in Japan by Net Premiums Written: 2000 (In Billion) (includes corresponding Graph/Chart) JP-41 Table 45: Japanese Personal Accident Insurance Market: Direct Claims Paid Out by Insurers: (In Billion) (includes corresponding Graph/Chart) JP Regulatory/Legislative Environment JP-42 General Supervision JP-42 Accounting Practices JP-42 New Pension Scheme JP Role of Insurance Associations in the Japanese Insurance Industry JP-43 Marine and Fire Insurance Association of Japan, Inc JP-43 Major Activities JP-43

6 General Insurance Association of Japan JP-44 Information Services JP-44 Disaster Prevention and Traffic Safety Promotion JP-44 Prevention of Social Problems JP-44 International Activities JP-44 Activities for Development of Confidence JP-44 Preservation of Environment & Promote NPO Activities JP-44 Requests and Proposals JP-44 International Association of Insurance Supervisors JP-45 Organization for Economic Co-operation and Development JP-45 International Meeting of Insurance Associations JP-45 International Union of Marine Insurance JP-45 East Asian Insurance Congress JP Product Launch JP-46 Euler Hermes to Launch Export Credit Insurance in Japan JP Product Launches in the Past JP-47 Tokio Marine and Fire Insurance Co. Launches Two Products JP-47 Mitsubishi Enters into Weather Related Insurance Coverage JP Recent Industry Activity JP-48 Japan Post to Distribute Aflac Japan s Cancer Insurance Product JP-48 AEGON and Sony Life to Set-Up a New Life Insurance Company JP-48 Millea Enters into Partnership with JP Morgan JP-48 Millea Holdings to Take Over Nisshin Fire & Marine Insurance JP-48 American International Group s Japan Units to Merge JP-48 AIG in Alliance with Bank of Tokyo JP-49 Rakuten to Enter Non-Life Insurance Business JP-49 Tokio Marine in Alliance with Nisshin Fire JP-49 Mitsui Sumitomo Insurance to Acquire Mingtai Fire & Marine Insurance JP-49 Tokio Marine to Acquire One-Fourth Shares in Tianan Insurance JP-49 Euler Hermes to Launch Export Credit Insurance in Japan JP-50 Japan s Regulatory Panel to Recommend New Policy on Child Care JP-50 AIU to Tap Japanese Trade Insurance Market JP-50 AIG to Acquire Insurance Portfolio of the Royal & Sun JP Strategic Developments in the Past JP-51 Yasuda Fire and Marine Insurance Co. and Nissan Fire and Marine Insurance Co. Merge JP-51 Prudential Acquires Orico Life Insurance JP-51 Mass Mutual Acquires Aetna Heiwa Life Insurance JP-51 Daido Life and Taiyo Mutual Take Over Tokyo Mutual Life JP-51 Prudential Insurance Acquires Kyoei Life Insurance JP-51 JLT, FinTech Form Capital Risk Joint Venture JP-51 Heiwa Opens Captive Insurer in Hawaii JP-52 Aquila Signs Agreement with Mitsui Marine and Fire Insurance JP-52 Cigna Divests Stake in Yasuda Kasai Himawari Life Insurance JP Focus on Select Japanese Players JP-53 Asahi Mutual Life Insurance JP-53 Dai -ichi Mutual Life Insurance JP-53 Meiji Yasuda Life Insurance - Leading Life Insurer in Japan JP-53 Millea Holdings, Inc. JP-53 Tokio Marine & Nichido Fire Insurance Co., Ltd JP-54 Mitsui Sumitomo Insurance Company, Ltd. JP-54 Nippon Life Insurance Co. - Largest Japanese Life Insurer. JP-54 Sompo Japan Insurance Inc. JP-54 Sumitomo Life Insurance JP-55

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